As we know, every year the Personal Income Tax leaves many people with their hair on end, but relax, you are not the only one.
If you have never had to declare income tax or this is the first time you are going to do so without the help of an accountant. We will help you with how to do your Income Tax yourself.
Know that it's not that difficult to do alone, you just need to pay attention to the declaration delivery dates.
Some websites provide a section just to answer questions about income tax, such as Declare Certo, which even has a forum where you can post more specific questions that you haven't found an answer to.
Who needs to declare?
The first thing to do is make sure you fall into the tax exemption bracket. If adding up your wages last year, you earned up to R$23,499.15, you are exempt from declaring. Even so, an exemption declaration must be made.
Other income tax exemptions include:
- Payment of PIS/PASEP
- Gains from profits and dividends as long as they have already been taxed at source
- Earnings from savings, real estate credit note, mortgage note and certificates of real estate receivables
- Benefits granted by Social Security in the event of death or permanent disability
- Exempt plots determined in rural activity
- Receipt of advance notice, FGTS, labor compensation, sickness benefit and funeral benefit
- Receiving unemployment insurance
- Retirement receipt by people over 65 years of age, as long as it does not exceed R$ 1,638.11 per month
- Voluntary Dismissal Program (PDV) benefits.
- Receiving retirement due to a service accident or serious illness
- Gains obtained by the citizen with shares and gold transactions on the stock exchange, whose monthly value is equal to or less than 20,000 reais, for the shares as a whole and for gold, individually
- Income tax refunds
How to do your Income Tax alone?
If you don't fit into the exemption range, the best thing to do is to declare before the deadline, to avoid last minute rush. Furthermore, by making the declaration as soon as possible, you guarantee that you will receive a tax refund in the first batches.
Knowing the difficulty that most Brazilians face in making the correct declaration and not falling into the Lion's fine mesh, the Federal Revenue launched a tutorial that clearly explains all the steps necessary to make the income tax declaration without errors and then generate the DARF and pay it via bank debit or print it to pay at the bank of your choice.
You can also use the Revenue simulator to calculate how much tax you will have to pay to Leão and prepare your pocket so as not to compromise your household budget.
Taxable Income:
Declare all taxable income received from both Individuals and Legal Entities. Regardless of whether or not there is withholding tax such as: rent, private pension redemptions, retirement, salaries, provision of services.
Dependent Income:
When placing a dependent, also inform their taxable income even if this dependent's income is not covered by taxation due to the limit established by the calculation table.
CPF
Do not allow third parties to use your name and CPF registration number to acquire goods and rights.
see about: Le malattie mentali più comuni oggi
Deductions:
Check whether they comply with current legislation, seeing which medical expenses must correspond to services actually provided and actually paid for.
Providing or using unsuitable medical receipts constitutes a crime against the tax system, subjecting the offender to a fine of 150% and a prison sentence of 2 to 5 years.
Lease of Rural Property:
Widely used by Sugar and Alcohol Plants.
It is taxed in the Annual Adjustment Declaration as rent and not as Income from Rural Activity. If received from a Legal Entity, the source is compensated, if received from an Individual it is mandatory to collect the carnet-leão.
Carnê-leão:
Collect the carnet-leão when mandatory, failure to collect the carnet-leão is subject to an isolated fine of 50% of the value of the carnet-leão not collected. Even if you have included the income subject to the carnê-leão in the Annual Adjustment Declaration or even if no tax payable has been determined in the adjustment declaration.
Bank balances:
Declare all bank balances maintained in Brazil and abroad in the name of the declarant and dependents, whose unit value exceeds R$ 140.00.
Bank account:
Do not allow third parties to use your bank account for deposits and withdrawals, as you may have to justify the origin of these funds.
